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Florida Gambling Study Gives Vague Answers

Monday, February 10th, 2020

Florida Gambling Study Gives Vague Answers

Is Florida ready for more games of possibility? A new commissioned study says, ‘Why not?’

Florida is currently one of the more states that are active it comes down to gambling. There are casinos, racetracks, and jai alai frontons, and many of those venues appear most likely to see slot machines arriving at them in the future that is near. And that’s ok, based on a new report that says such an expansion could have only a ‘minimal’ impact on the state from both an economic and social viewpoint.

Effect of Gambling Examined

That was the biggest finding from a report by the Spectrum Gaming Group, a brand new Jersey-based research firm that performed the research on behalf of the Florida Legislature. The report cost $400,000 to finish, and was taken in an effort to weigh the potential effect and costs of expanded gambling into the Sunshine State.

Based on the report, those impacts would be little.

‘The expansion of casino gambling, whether on a little scale or very large scale, would have, at best, a moderately positive impact on the state economy,’ the report stated.

That conclusion isn’t likely to excite or infuriate anybody. But more interesting, perhaps, had been information gleaned about Florida’s current gambling market.

In accordance with the report, the average Floridian gambler spends about $866 each year on gambling. This is about 16per cent less compared to national average. Still, Florida residents account for about 93% of the $2.4 billion taken in every year by existing Florida casinos, and about one-third of Florida adults who live in a hour of a casino gamble at their casino that is local at one per year. [more…]